Germantown MD

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Germantown, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Germantown Housing Market Information

With a population of 91,167, 30,935 total housing units (homes and apartments), and a median house value of $369,346, real estate costs in Germantown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Row houses and other attached homes are the single most common housing type in Germantown, accounting for 41.20% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 28.64%), single-family detached homes ( 27.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.40%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Germantown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 64.52% owning and 35.48% renting.

There is a lot of housing in Germantown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Germantown built between 2000 and later ( 19.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.56%).

Germantown Home Appreciation Rates

Germantown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Germantown during the period has been just 1.78%, which is lower than 70% of US communities.

Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 3.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at 1.13%, which equates to an annual appreciation rate of 4.59%.

Relative to Maryland, our data show that Germantown's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Germantown real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Germantown, MD HOME PRICES

Value Range
> $1,147,000 0.6
$860,001 - $1,147,000 1.7
$573,001 - $860,000 19.4
$459,001 - $573,000 11.9
$344,001 - $459,000 22.5
$229,001 - $344,000 31.3
$114,001 - $229,000 10.0
$57,001 - $114,000 0.4
$0 - $57,000 2.2

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
14.9430656934307 37.9699248120301

Number Of Homes And Apartments:

Germantown Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
97.35% 3.33%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,414 / per month

Homeownership Rate

Owners 64.52
Renters 35.48
Vacant 4.78

Housing Market Details


Age of Homes

AGE OF Germantown HOMES
2000 or Newer 19.7
1970 - 1999 76.1
1940 - 1969 3.6
1939 or Older 0.7

Types of Homes

TYPE OF Germantown HOMES
Single-Family 27.3
Townhomes 41.2
Small Apt. Buildings 2.4
Apt. Complexes 28.6
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Germantown HOMES
No Bedroom 0.56
1 Bedroom 7.90
2 Bedrooms 27.08
3 Bedrooms 37.96
4 Bedrooms 20.99
5 or more bedrooms 5.51